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80920 : Real Estate Advice

  • All20
  • Local Info2
  • Home Buying4
  • Home Selling5
  • Market Conditions1

Activity 14
Wed May 3, 2017
Ariana Schuelke asked:
We signed a lease for May 1. On April 18 we were told that the tenants decided to stay until the end of their lease (April 30) therefore we would not be able to move in until the 10th. There…
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Sun Sep 6, 2015
Charlene Tackett asked:
have 728 sq we need to replace/refurbish. Is investing in a "Trex" composite product worth the cost - we have 728 sq ft of floor and rails. 20 stair treads, posts, etc. We are…
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Mon Aug 10, 2015
Randy Stoker answered:
Trulia does not support For Sale By Owner listings. All listings on Trulia are generated by the listing Real estate agent; Trulia scans the MLS data base and posts that information to their web site. If you have your home listed through a licensed Realtor then your listing should appear on Trulia within 72 hours after going live in the MLS system ... more
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Tue Jul 28, 2015
Bluepicketrealty answered:
Just an update on the market in Colorado Springs as of 2015...it has gone crazy! The market is on a huge uptick right now. Prices are up, and the sales were unbelievable this last summer. Hopefully this can keep up. I suspect it will, especially with the continued influx of California transplants and the still-low insurance rates, but I guess we'll see!

Source: http://www.bluepicketrealty.com
... more
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Tue Jul 28, 2015
Charles C Peace asked:
Thu Feb 26, 2015
Terry Naber answered:
It is common for homes in the price ranges of Pine Creek, that time of year. It also could actually be that given the choice, the buyers prefer to look at homes with finished basements, even if they need to pay more. But, there are many possible factors, that would necessitate another broker to actually see the house and compare it with others that have been going under contract, to offer an educated opinion.

Best wishes on selling!
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Thu Feb 26, 2015
Terry Naber answered:
Pine Creek is a wonderful area. However, that price range is tough. You have several neighborhoods that compete with Pine Creek, with one of your biggest competitors being new construction. And, there are not that many buyers out there that can afford to buy homes in that price range, comparatively. There are many competing resale homes on the market, and those sellers are working hard at staging and having their home in top condition, and buyers can be selective to get just what they want. The number of showings per month in that price range is small. To truly give you a valid opinion on what is going on, I would have to see your home, look at was has been selling since you put your home on the market, and analyze what the differences are between these homes that are selling, and your home. It could be something as simple as the marketing photos, or general condition/upgrades, location within the neighborhood, neighbors, etc. ... more
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Thu Feb 26, 2015
Terry Naber answered:
If you agent's marketing has attracted that many buyers, there must be another issue besides price. Does it back or adjoin a busy road? A house on a busy street may take 10 times the number of showings to get an offer. Is there some condition problem that is scaring the buyers off? For instance, a Pepto-Bismol Pink house will drive buyers away. Is there something non-functional with the floorplan? Is there something undesirable about the yards-too small, or too large, or needing too much work? 126 buyers looked at your home, and it helped them to decide to buy another house. There has to be a reason other than price and marketing at this point.

If you do not trust your agent, ask for a broker open house, where a number of brokers come through and leave their feedback. Certainly with all these showings you can see a pattern with the feedback on what the most common objections have been. If you cannot correct the issue(s), then the only thing left is to drop the price-again.
... more
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Thu Feb 26, 2015
Terry Naber answered:
Yes. Although I do want to show my listings myself, and show my buyers the homes they want to see when they want to see them, it would sometimes require me to be in 2 places at once! So in those rare cases, I do ask another trusted agent to do that for me. ... more
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Thu Feb 26, 2015
Terry Naber answered:
Last time I checked the stats, Colorado Springs has a lower-that-average crime rate for cities of its size. I can honestly say there is no where in town that I would not walk in the daytime, and very few areas I would not walk at night.

In addition to checking with law enforcement, you can also knock of the doors of neighbors in areas of houses you really like-ask if they or their neighbors have had problems with crime. You have certain amount of time to investigate (the inspection objection period) the neighborhood and home after you are under contract. Also, look for a home that is not on or near a busy street, close to high-density apartment buildings or large retail centers. Location within the neighborhood can increase or decrease your chances of being hit with a crime. Choose a home that is tucked inside a neighborhood rather than on the outskirts. A cul-de-sac location might be safer as well-criminals want more than one way out in case they have to flee quickly. Being across the street from a school might make you more vulnerable to vandalism. Look around the neighborhood-are there a lot of burglar bars on the windows? That might be clue, but if 1 or 2 have them, it may just mean that those owners are paranoid!

Happy home hunting!
... more
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Tue Oct 15, 2013
Scott Ignatius answered:
Hi Midi,
Thanks for your question about average price per square foot in 80920. For the last 3 months sales in 80920, the average single family/patio homes sold price per total square foot is $105.41 per total square foot. The lowest was $62.38 and the highest was $231.40. Again this average sold price in the last 3 months divided by the average total, not finished, square feet.

FYI, the average sold price in the same 3 months was $297,744, with a high of $1,395,000 and a low of $124,500. all with an average days on market of 79 days.

I hope this information helps...
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Wed Aug 12, 2009
Chrisb asked:
...hopefully we'll find a seller who would consider renting for a year or two.
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Thu Jul 17, 2008
Valerie Kleinman answered:
Hi Golfer,
I have been telling my sellers in the northern part of El Paso County to just hold still for a while and not lower the price anymore. We have been lowering prices on houses that are priced properly, offering incentives and still showings aren't picking up. If you don't have to go anywhere quickly, hold tight for a bit. I truly believe it's the market, not the price of your home if it is priced right. I sell in Denver as well and things are picking up there. Hopefully it will move south soon.
Valerie
... more
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